rsrawat_2000 asked:


Hi, Suppose a company has head office in India and a subsidiary company in USA.
How will tax be calculated for subsidiary company and parent company? Will subsidiary company have to pay taxes in USA and again in India? Will not it be double taxation? What does things work for multinational companies which have offices in so many countries?

Matthew A asked:


My father had back taxes and files for bankruptcy in early 2006 now the federal government is comming after the back taxes. Does the bankruptcy take care of those taxes or is he still liable for them? (Lives in Kansas if this matters)